How Will Claiming PPI Compensation Benefit Me

    Payment Protection Insurance, more commonly referred to as PPI, was mis-sold to millions of people between the years of 1990 and 2010. With the deadline for people to submit their ppi claims having been announced for 29th August 2019, anyone who may have taken out a loan or credit during this time could be beginning to wonder if they were mis-sold a PPI policy alongside their loan, how they can claim it and whether claiming their compensation will benefit them or just be a pointless headache! If you are currently one of these people who are indecisive, then we are here to help you make your decision.

    Claiming PPI is a lot easier than you may think, and even if you have lost any documents from when you were mis-sold PPI, you can still claim your compensation by simply informing the claims company of who the lender was who mis-sold you the PPI in the first place.

    You May Be Surprised…

    Those who have already claimed their PPI compensation have been receiving, on average, £2,000 in compensation, which means that you could be at least £2,000 short on your finances at the moment! By claiming your compensation, you could have some extra money to use on any bills, debt, or towards a holiday that you deserve. Some claims have even raked in more than this, and with the new Plevin rule, meaning that claimants could be entitled to compensation just because of high commission charges, more people are entitled to money now more than ever before.

    Using A PPI Company  

    While PPI claims companies have been met with scepticism in the past, by using a PPI company to make a PPI claim, you will be benefiting from the following:


    • They Know The System


    There are some cases that may take a little longer than others when claiming PPI compensation due to lost paperwork, companies that no longer exist or simply complications met along the way. Therefore, by using a PPI company, you can rest assured that they know the system and can get the money for you much more quickly and with practiced ease.


    • They Can Offer Support


    PPI can be a confusing concept, especially if you aren’t sure if you were mis-sold and you have lots of questions about it. So, by using a PPI company, you can benefit by having support and information on hand if you get confused. Furthermore, a PPI company can help you when making any decisions about your claim and provide unbiased advice.


    • They Have Plenty Of Experience


    As PPI was mis-sold over a very long period of time, millions of customers have already used PPI companies to claim their compensation; therefore, the companies have plenty of experience, so they can help you with all different types of cases!


    • They Are Specialised


    Some companies only work in a specific area, such as PPI compensation claims or personal injury claims, which means that they are specialised in one area, and know all that there is to know on that area. Therefore, you can put your trust in them and be sure that they know what they are doing. They will have the best people working on your case, so you don’t have to worry and can have your compensation in no time at all.

    Whether you use a claims company or you decide to go it alone and contact your bank and lender yourself, claiming your PPI compensation could get you some extra cash that you very much deserve! Claim your money, before the deadline creeps up on you!


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